2.04 COVERAGE

All four firms featured identify their platforms as being whole of market systems.

Paymentshield, for instance, uses a panel of seven insurers for home insurance with a total of nine insurers across the entire product range.

Figure 2.07: Does the provider describe the system as being “whole of market”?

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The three predominantly GI systems have all increased their product numbers over the past 12 months. Source Insurance has seen the greatest increase (50%).

Figure 2.08: Number of products on the system as of 30 September 2020

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The number of providers on iPipeline has actually fallen over the past year, down from 24 to 20. Meanwhile, Uinsure has increased the number of providers on its system from 5 to 17.

Figure 2.09: Number of providers on the system as of 30 September 2020

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Paymentshield’s insurance panel covers home, landlords, tenants, mortgage and income protection, compared to Source, which instead covers lifestyle and buy-to-let, as well as home insurance.

Uinsure covers all aspects of general insurance, while iPipeline offers GI as well as all areas of protection.

Figure 2.10: Product areas a user can access

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This data was collated in January 2021. Trek Publishing Limited accepts no liability for loss or damage to material submitted for publication.
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